India’s struggling ABG Shipyard has posted a bigger loss for the fourth quarter.
The net deficit was INR 17.1bn ($254m) to 31 March, from INR 3.74bn in 2015.
Reveune was down at INR 20m from INR 219m the year before, as work continued to dwindle.
The company has accepted the resignation of chief executive Syed Abdi this week.
ABG has been seeking an investment of up to INR 6bn to deal with ongoing losses.
